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NAURU TO BEGIN SECONDARY PHOSPHATE MINING NEXT YEAR: MINISTER.
NADI, Nov 1 Asia Pulse - Nauru is expected to begin secondary phosphate mining as early as the second quarter of 2007, according to a progress report presented to Pacific Islands Leaders Forum in Nadi this week.
The report was presented by Nauru's foreign affairs and trade minister, David Adeang.
"I recently led a meeting a few weeks ago in Brisbane where Nauru and Australian jointly agreed on a budget and work programme whereby the rehabilitation and secondary mining of phosphate would now commence."
Mr Adeang said a feasibility study had proven the technical and economic feasibility of mining secondary reserves of phosphate.
He said the "single brightest light in what will otherwise be a period of continued reforms and the pains associated with that, is the mining industry."
"A turn around in the prospects of phosphate mining industry can quite quickly swing around a depressed economy to begin lifting standards of living by increasing revenues to the government and off course to landowners through royalties earned from phosphate exports."
Mr Adeang revealed that Nauru would have commenced exporting phosphate in August this year but an act of 'sabotage' in Australia prevented this from happening.
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Source: HighBeam Research, NAURU TO BEGIN SECONDARY PHOSPHATE MINING NEXT YEAR: MINISTER.